Perhaps one of Placentia's greatest advantages, one of its most promising sources of opportunity is its industrial area - Argentia.  For over 50 years, Argentia was the headquarters for the U.S. Armed Forces Northwest Atlantic Operations.  In 1941, the port became internationally recognized as the site of a meeting between Sir Winston Churchill and Franklin D. Roosevelt to discuss the Atlantic Charter. The Base went on to play pivotal roles in WWII and the Cold War. It closed in 1994.

The US Navy left behind a well-developed infrastructure and a well-trained workforce. Today, under the guidance of Argentia Management Authority Inc. (AMA) a non-profit development agency governed by local volunteer leadership, the Port and adjoining industrial properties are experiencing impressive grownth.

Business opportunities are emergning in industry sectors such as metal fabrication, light manufacturing, information technology and marine transportation.  In addition, as the Newfoundland offshore oil and gas industry continues to grow, Argentia is ideally positioned to play host to a variety of new fabrication, maintenance, supply and marine service opportunities.

Argentia offers an impressive catalogue of advantages.  They include:

• a strategic location in the center of the world's shipping lanes
• an excelent ice-free deep water port with 2,100 feet of berth space available
• extensive buildings, infrastructure and land zoned for industrial use 
• a skilled workforce, and a management team experienced in economic development, and port and property management.
  
  For more information on Argentia, please call AMA Chief Executive Officer Harvey Brenton at the AMA offices in Argentia at (709) 227-5502 or e-mail w.brenton@argentia.ca